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Black Stone Minerals LP (BSM)

Upturn stock ratingUpturn stock rating
$12.98
Last Close (24-hour delay)
Profit since last BUY0%
upturn advisory
Consider higher Upturn Star rating
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Upturn Advisory Summary

09/17/2025: BSM (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

3 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $13

1 Year Target Price $13

Analysts Price Target For last 52 week
$13 Target price
52w Low $11.7
Current$12.98
52w High $14.74

Analysis of Past Performance

Type Stock
Historic Profit -22.59%
Avg. Invested days 43
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 09/17/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.72B USD
Price to earnings Ratio 11.06
1Y Target Price 13
Price to earnings Ratio 11.06
1Y Target Price 13
Volume (30-day avg) 3
Beta 0.25
52 Weeks Range 11.70 - 14.74
Updated Date 09/17/2025
52 Weeks Range 11.70 - 14.74
Updated Date 09/17/2025
Dividends yield (FY) 11.32%
Basic EPS (TTM) 1.16

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 66.49%
Operating Margin (TTM) 119.89%

Management Effectiveness

Return on Assets (TTM) 14.09%
Return on Equity (TTM) 24.31%

Valuation

Trailing PE 11.06
Forward PE 7.17
Enterprise Value 2814554617
Price to Sales(TTM) 6.57
Enterprise Value 2814554617
Price to Sales(TTM) 6.57
Enterprise Value to Revenue 6.55
Enterprise Value to EBITDA 8.77
Shares Outstanding 211852992
Shares Floating 173880444
Shares Outstanding 211852992
Shares Floating 173880444
Percent Insiders 20.63
Percent Institutions 14.15

ai summary icon Upturn AI SWOT

Black Stone Minerals LP

stock logo

Company Overview

overview logo History and Background

Black Stone Minerals LP (BSM) was founded in 1876 as a private company. In 2012, it became a publicly traded limited partnership focused on owning and managing oil and natural gas mineral and royalty interests.

business area logo Core Business Areas

  • Mineral and Royalty Interests: BSM owns mineral and royalty interests in over 20 million gross acres. It allows operators to develop these lands, receiving royalties on production. Focused on Permian Basin, Haynesville/Bossier shales and Appalachia.

leadership logo Leadership and Structure

Thomas L. Carter, Jr. is the Chairman and CEO. The company is structured as a limited partnership, with a general partner responsible for managing the business.

Top Products and Market Share

overview logo Key Offerings

  • Mineral and Royalty Rights: BSM's primary product is the ownership of mineral and royalty rights, granting operators the right to extract oil and gas. Competitors: Viper Energy Partners (VNOM), Kimbell Royalty Partners (KRP).

Market Dynamics

industry overview logo Industry Overview

The oil and gas mineral rights industry is influenced by commodity prices, drilling activity, and regulatory changes.

Positioning

BSM is a leading owner of mineral and royalty interests, providing passive income from oil and gas production. Their competitive advantage lies in their large, diversified portfolio of assets.

Total Addressable Market (TAM)

The TAM for mineral rights ownership is substantial, dependent on energy demand and prices. BSM captures market share by acquisition and strategic management of existing holdings. Market experts expect the mineral and royalty rights market to reach $42.5 billion by 2028.

Upturn SWOT Analysis

Strengths

  • Large and diversified asset base
  • Passive income generation
  • Experienced management team
  • Strong balance sheet

Weaknesses

  • Dependence on commodity prices
  • Exposure to drilling activity risk
  • Limited control over production
  • Potential environmental liabilities

Opportunities

  • Acquisition of additional mineral rights
  • Increased drilling activity in core areas
  • Technological advancements in extraction
  • Strategic partnerships with operators

Threats

  • Decline in commodity prices
  • Increased regulation
  • Environmental concerns
  • Competition from other mineral rights owners

Competitors and Market Share

competitor logo Key Competitors

  • VNOM
  • KRP
  • FANG

Competitive Landscape

BSM benefits from its scale and diversification, but faces competition from other mineral rights owners.

Major Acquisitions

Primexx Minerals

  • Year: 2021
  • Acquisition Price (USD millions): 860
  • Strategic Rationale: Expanded BSM's footprint in the Permian Basin, adding high-quality mineral and royalty assets.

Growth Trajectory and Initiatives

Historical Growth: BSM has experienced growth through acquisitions and organic development of its existing assets.

Future Projections: Analysts project continued growth in revenue and earnings, driven by increased drilling activity and strategic acquisitions.

Recent Initiatives: Recent initiatives include acquisitions of mineral rights in core areas and optimization of existing production.

Summary

Black Stone Minerals LP possesses a strong diversified asset base and generates consistent income through mineral and royalty interests. While commodity price dependence and operational control are weaknesses, strategic acquisitions provide growth opportunities. Competitors and regulation remain ongoing concerns. Overall, BSM is a stable income-generating investment.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings (10K, 10Q), Investor presentations, Analyst reports, Market Data

Disclaimers:

This analysis is for informational purposes only and should not be considered investment advice. Market conditions are subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Black Stone Minerals LP

Exchange NYSE
Headquaters Houston, TX, United States
IPO Launch date 2015-05-01
President, CEO & Chairman of the Board of Black Stone Minerals GP L.L.C Mr. Thomas L. Carter Jr.
Sector Energy
Industry Oil & Gas E&P
Full time employees -
Full time employees -

Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States. The company was founded in 1876 and is based in Houston, Texas.